Malta: Steve Wozniak, Former Apple Co-Founder Establishes Blockchain-Based Company Efforce In Malta

Last Updated: 26 July 2019
Article by Finance Malta

Steve Wozniak, former Apple co-founder establishes blockchain-based company Efforce in Malta– Details on second edition of DELTA Summit, the Maltese government's official digital innovation event, released Parliamentary Secretary for Financial Services, Digital Economy and Innovation Silvio Schembri welcomed Steve's Wozniak decision to establish a blockchain-based company in Malta during a fireside chat together with DELTA Summit CEO Dr Abdalla Kablan. In a pre-summit event to announce further details of this year's 'Bigger and Better' DELTA Summit, Steve Wozniak, former Apple co-founder, announced his decision to establish his blockchain-based company Efforce in Malta. Wozniak praised Malta for being open-minded to innovative approaches and open for business. "We are being brave and bold and doing our best. I couldn't take the smile off my face, so proud to be involved in such an effort due to the fact that I will be starting a company in Malta, it means a lotto me. I wanted to be part of Malta. It hit my heart today', said Wozniak while expressing his intention of seeing the company grow in Malta. Efforce, which is co-founded by Steve Wozniak, is the first blockchain based platform that allows contributors to profit from the energy savings generated by energy-efficiency projects worldwide. Wozniak's praise for Malta was seconded by Jacopo Vissetti, Co-Founder of Efforce, who said that when they were looking to identify the jurisdiction from which to operate, the choice fell on Malta. 'After looking around at different jurisdictions, Malta was the most open-minded country that we found, not only in Europe but worldwide, and it is very open to new technology, to embrace new technology not only on a political level but also on a practical level. There is no place we'd rather be', said Vissetti.

Parliamentary Secretary for Financial Services, Digital Economy and Innovation Silvio Schembri welcomed with satisfaction the decision for the company to set up in Malta. 'This gives me energy to do more and achieve more. Malta is evidently attracting more companies, not only in terms of numbers but also in terms of quality and talent', said Parliamentary Secretary Schembri. He added that the Maltese government is already using blockchain technology in some of its operations, however, a crucial focus is to upskill and enhance talent amongst the current and future generations. 'The DELTA Summit is a testament of how far we've gone, what we have achieved so far, and what we will be achieving in the coming years', said Parliamentary Secretary Schembri.

Prior to the official launch of DELTA Summit, Apple co-founder Steve Wozniak had a phone call with Prime Minister Joseph Muscat who also welcomed Wozniak's decision to invest in Malta. This year's theme for DELTA Summit is "Bigger and Better", which will be testament to the organisational qualities of the one-week event. The DELTA Summit, which is being held between the 2nd and 6th October, will be relocating to MFCC, the biggest conference venue on the island, taking up more than 8,000 people in capacity. DELTA will be adapting its scope to upcoming trends within the digital economy industry, mainly blockchain, AI, IOT, and new sectors such as e-sports and games development. Every sector will be covered in detail throughout the 3-day summit through keynote speeches delivered by the best in the industry as well as experiential areas where attendees will be able to fully understand the concepts behind the technology and test out the innovative cutting edge technology. Moreover, a games development and -sports summit will form part of the DELTA programme, which will also be complemented by a video games development expo, e-sports competitions and video game experiences during the weekend.

Start-up companies will be provided with the opportunity to learn from the best within the industry whilst showcasing their own projects. An entire start-up village will be dedicated to all the companies who wish to network and grasp as much know knowledge as they can from this insightful conference. The DELTA Summit forms part of the Malta Tech Week being organised during the same week starting the 30th September to Sunday 6th October. More details will be issued closer to date, but in the meantime one may visit https://delta-summit.com/

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